"I've had great conversations with the governor and the mayor, and it's been a bipartisan effort. I think everyone in this community recognizes that, even in addition to the Trail Blazers and the Fire -- and we can't forget about the Fire, which are about to open this season -- that these arenas are multiuse facilities, whether it's conventions or trade shows, concerts, graduations, you name it."
"You need a state-of-the-art arena here. And the Moda Center has become probably the oldest building in the league. There may be a building or two that are older, but have already gone through significant renovations."
Oregon Legislature approved funding providing the state joint ownership of the Moda Center with the city and securing $365 million for renovating the 30-year-old arena. NBA Commissioner Adam Silver attended a Blazers game following the legislative approval, meeting with local officials about next steps. The funding effort addressed concerns about the Blazers' relocation under new ownership by Tom Dundon. Silver emphasized that modern arenas serve multiple community purposes beyond sports, including conventions, concerts, and graduations. The Moda Center, among the oldest buildings in the NBA, requires renovation to attract major events like the All-Star Game and NCAA Tournament games. The total project cost is estimated at $600 million.
Read at ESPN.com
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